SecoWarwick Group: Leading the Way in High-Tech Industrial Furnaces and Solutions
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SecoWarwick group - business model
SecoWarwick is a customer solution provider for high-tech industrial furnaces for the thermal processing of metals. Solutions are dedicated to customers in the automotive, aircraft, energy, medical, tooling, powder metallurgy or defense industries, among others. SecoWarwick specializes in energy-efficient and environmentally friendly equipment. The company provides access to defining technologies and new solutions, provides state-of-the-art control and data analysis systems, as well as professional services available in the world's most important metallurgical markets.
The offer includes standard and dedicated solutions, delivery of equipment including technology and associated equipment, installation and commissioning, service support, technical and technological training, tests and research in industrial and laboratory conditions, analyses and simulations. SecoWarwick's solutions also include industrial furnaces for fire testing, vacuum equipment, precision test chambers, thermal processing systems, windscreen heating and molding production lines.
A wide range of technologies, highly qualified engineers and customized solutions give the customer a competitive edge. Geographical presence Currently, SecoWarwick's largest sales market is the US (37% of sales) served by two local production facilities. Next is Europe (30% of sales), which is mainly supplied by plants in Poland.
Asia is the third market (28% of sales), served by plants in China. In the future, the opening of production in India (currently sales & service; planned production later this year) and an increase in deliveries from China to Europe cannot be ruled out due to the appreciation of the PLN to the USD and generally rising operating costs (manufacturing costs, transport costs), especially in Europe.
Geographical diversification is a considerable asset for SecoWarwick in mitigating performance volatility in response to business cycles. In 2022, exposure to Russia, Belarus and Ukraine was less than 5%. With the start of the war in Ukraine, SecoWarwick ceased contracting new orders in the Russian market
